Sean Lam Keller Williams - 2.5 Acres Property With Greenbelt

Sean Lam with Keller Williams has sold a 2.5 acre property with a greenbelt zoning in Davie for $550,000. The property at 5060 SW 76^th Ave was closed in December 2011 with seller financing for 3 years. The buyer is from a foreign country.  The owner financed the buyer for three years. Bruce Benefeld Esq of Title Express represented the seller and handled the closing.

Sean said the reason he was able to sell the property at $200,000 more above the average comparable was it had a low property tax designation and seller financing.  The property with exactly the same lot size next door was sold two months earlier for $324,000. However, that property did not have the greenbelt zoning on it. Besides, a nursery was operated on the subject property.

There is a single family house on the property. It has a 3 bedrooms and 3 bathrooms. The house can be converted into a duplex with 2/2 on one side and 1/1 on the other. The house was built in 1968. Impact glasses were installed throughout the house. The nursery was located in the front of the property occupying about 1.5 acres.

Keller Williams has a strong presence in Southwest Broward area, particular in Everglades Sugarland. They company represents many owners who live in this type of large acreage properties. The area is favorite among owners who seek tranquility among urban area. “The acreage provides the privacy they want and still can have all the urban conveniences within 15 to 20 min driving”, said Sean Lam.  “Target and Dollar General are only 5 minutes away on University Dr.”  Moreover, owners can keep livestock or grow vegetables on the properties and gain tax benefits by applying for a greenbelt designation to save property taxes.  The greenbelt zoning can significantly reduce the property taxes by as much as 80%.